Source: Gasparini et al (2009)Figure 5. Percentage changes in average years of education of the adult
population and the Gini of educational achievements between the mid-
1990s and the mid-2000s in 18 Latin American countries.
Figure 5 provides evidence of the gains that were recorded under
both LOC and NO-LOC regimes. All in all, the countries of Latin
America made substantial inroads in the field of human capital
formation and in reducing many dimensions of inequality in
education. Yet, the effect of these trends on current and future
inequality are not automatic, as an expansion of the stock of human
capital leads to an increase in employment and drop in wage